ignite energy and power search presentation 02 06.pdf · oil over water in dina new talisman hrz...
TRANSCRIPT
Ignite Energy and Power SearchLand Holdings and Prospect Summary
SUMMARY
Ignite Energy Corporation and Power Search Exploration own approximately 40,000 acres, (60 + Sections) of mineral rights in East Central, Southern and Northern Alberta, on
proven geological trends.
Our focus has been to combine our 50 plus years of business experience and technical innovation in securing plays we believe have the greatest economic potential.
East Central Alberta:The majority of our lands are in the East Central Alberta, which is currently active with both conventional and unconventional oil drilling in for Viking, Mannville and Nisku
oil.
Provost Region: Horseshoe Lake Area: Twp 39 -41 Rge 7-8 W4M
• Horseshoe Lake consists of large block of undeveloped lands with excellent Mannville and Viking oil potential.
Gooseberry Lake: Twp 36 R Rge 6 W4M
• A seismically identified multi-zone prospect with a potential of 600,000 plus bbls from the Dina.
Others:
• Prospects in Amisk, David, Silver Heights, Battle River.
Chauvin Region: Edgerton/Ribstone: Twp 43-44 Rng 4 W4M
• Seismically identified Nisku location offsetting 2 producing wells in an active Nisku drilling area.
Consort Region: Consort: Twp 34-35 Rng 5 W4M
• 2880 acres of contiguous land in active horizontal Viking oil.
Halkirk Region: Halkirk: Twp 41-43 Rng 14-15W4M
• 4 sections on a Viking Oil trend.
Utikuma Region: Utikuma Lake: Twp 80 Rng 7 W5M
• 4480 acres offsetting significant established Gilwood and Keg River production with horizontal drilling underway to the south.
Leduc: Leduc: Twp 49 Rng 26 W4M
• Nisku development and potential for Wabamun development.
Ignite Energy and Power SearchHorseshoe Lake Mannville and Viking
HORSESHOE LAKE MANNVILLE AND VIKING
HORSESHOE LAKE MANNVILLE AND VIKING
HORSESHOE LAKE MANNVILLE AND VIKING
New Talisman Dina Hrz activity
10-34 Manville location licenced on 3D but never drilled
2 compelling zones in 6-36
Viking Oil DST
Harvest Pool:>1 Million Bbl Potential reserves
Talisman Lead Well (7-2)
Dina Lead well (5-12)
The Horseshoe Lake core area consists of a large land base and multiple horizons, including Mannville and Viking Resource Locations
HORSESHOE LAKE SOUTH
•Recent horizontal Dina development on offset land.
•Large block of Mannville and Viking rights.
•Lands offset Mannville pool estimated to produce 1mm bbls.
•Excellent project, for a large 3D.
Viking Play(see previous)
Dina Play Horseshoe South
Oil over Water in Dina
New Talisman hrz activity.2 long reach and 1 short reach
Harvest PoolEst. ultimate recovery1mm Bbls.
HORSESHOE LAKE SOUTH
• Cross Section from 7-2 (Talisman development) to 5-12 on Ignite/Power Search Lands.
Oil over Water in Dina
Talisman lead well Ignite lead well
Dina Play Horseshoe South
HORSESHOE LAKE NORTH MANNVILLE SEC 34
• 3 Compelling zones in this well.
• Originally a Viking Gas Producer.
• Requires additional Structure. Potential Hrz candidate in Ellerslie.
Zone 1: Glauc: Gas TSTM
Zone 2: Glauc: Water and OCM
Zone 3: Ellerslie
6-34
HORSESHOE LAKE NORTH MANNVILLE SEC 36• 2 Compelling zones in this well.• Requires additional Structure.
Zone 1: Glauc: Gas TSTM
Zone 2: Glauc: Water and OCM
6-36 10-36Potential
Loc
HORSESHOE LAKE VIKING
Based on Oilproduction
Based on Oil Production
Based on OilDST
Viking Gas Production
The Horseshoe Lake core area has the potential for a large hrz Viking development based on oil production and oil dsts.
2nd round drilling
1st round drilling
3rd round drilling
CLOSE UP HORSESHOE LAKE VIKING
Key wells with viking oil production or Tests
- Gas DST and small oilProduction
Oil Dst: 60m Oil, 123m OCM
HORSESHOE LAKE NORTH MANNVILLE
Trade 3D and 2D are available on the section 3D over each section is available for approximately $30,000. It is very high quality Location was licensed at approximately 10-34 but never drilled
3D Coverage 2D Coverage
Oil /Gas shows 3 zones
Licensed Location never drilled
Ignite/ Power Search Lands
Lead wells with oil /water 2 Mannvillezones.
Down Structure in Both Zones
Ignite Energy and Power SearchProvost Ellerslie/Dina Prospect
PROVOST ELLERSLIE/DINA PROSPECT
PROVOST ELLERSLIE/DINA PROSPECT
• Upside of >600,000 Bbls on established Dina/Ellerslie trend. Isolated highs exist along channel.
• Offsets existing 3.5mm bbl Dina pool along Mannville channel.
• Multi-zone potential, for Rex, sparky and Viking oil.
• Ready to drill prospect on recently reprocessed 2D seismic
Gooseberry Lake Dina Prospect
Horizontal Sparky Wells
Ignite/ Power Search Lands
Dina SS Pool3.5 million to date
Landsale: 751.00/ha
PROVOST ELLERSLIE/DINA PROSPECT
Section 16
CI=1m2D Seismic
Key Well:2-4m above O/WDst’d 18m Oil
Potential PoolUpdip from oil testand separate
Dina Subsea Depth Map
O/W contact at top
A’
A
PROVOST ELLERSLIE/DINA PROSPECT CROSS SECTION
9-16: Oil Dst
O/W
12-15: 28k Bbls
4-5m
A A’11-16: Separate O/W
11-16 has a separate O/W contact, implying the Prospect is separate from the updip pool. Even if the O/W contact is the same, the seismic indicates a large potential pool. Additional Mannville sands are also present and may be trapped over high.
O/W
PROVOST DINA PROSPECT COMPOSITE LINE THRU 9-16 SHOW WELL
N S E
New Feature
Composite Line
Dina Peak
Density Log
PROVOST DINA PROSPECT
2WS-Dina Peak Isochron
New Feature
The 2ws-Dina Peak Isochron confirms the prospect and emphasizes the potential separation from the 9-16 well
Section 16
PROVOST N-S LINE THRU 11-16
New Feature
Dina Peak
Paleo
North South11-16 Thin Oil 3-16 Wet
Possible Location
PROVOST REX PROSPECT
In addition to the Dina play, the structural closure on the new seismic also potentially traps a thick Rex sand that had a poor DST at 9-16.
Seismic StructuralClosure
Ignite/ Power Search Lands
Dina SS Pool
Rex Bar Trend
Primary Target Dina, Secondary Rex
Rex High Res?
PROVOST REX CROSS SECTION
DST
Ignite Energy and Power SearchRibstone/Edgerton
RIBSTONE/EDGERTON
RIBSTONE/EDGERTON
RIBSTONE/EDGERTON
Potential Nisku Hrz or Vertical location in Ribstone, seismically defined.
Potential Nisku Hrz Location in Edgerton, probably requires seismic
3 New wells licensed in Edgerton and Ribstone
Edgerton
Ignite/ Power Search Lands
New well Ribstone
Landsale: 410.12/ha
RIBSTONE NISKU POTENTIAL
Seismically defined location at 1-11 for either a vertical or hrz drill.
Ignite/Power Search
Talisman licence
Cum nisku production from offsetting wells 310k
Potential Nisku Hrz or Vertical location in Ribstone, seismically defined.
Over 310K bblsproduced from 2 offsetting wells as of to date.
South east quarter has been downspacedpreviously by Talisman.
3D over entire section11 exists, but has been made unavailable by Talisman.
RIBSTONE NISKU SEISMIC 2WS-NISKU
Ignite/Power Search
Nisku Producers
Vertical orHrz Location
RIBSTONE NISKU SEISMIC SPARKY AMP
Ignite/Power Search
Vertical orHrz Location
Nisku Producers
Sparky Amp with 2ws-Nisku Contours
EDGERTON NISKU POTENTIAL
• Offsets existing Hrz that has produced over 331,000 Bbls
Proposed Hrz
Existing Hrz, Cum >331K BblsProposed Hrz framed byNisku Producers
Ignite Energy and Power SearchDavid
DAVID
Multiple zones, offsetting new drilling by Conserve, Blackshire and Surge
Recompletion and downspacing potential. Eg. 02/2-34 never completed in Ellerslie
Most of the wells drilled in early 80s. 3D available to sort out complexities
DAVID
Ignite/ Power Search Lands
02/2-34 Glauc Prod
Bypassed Zone
DAVID CLOSE UP
Available 3D Outline:$27,000Green Wells Lloyd
Producers
PotentialLocations
80K Bbl Cum
66K Bbl Cum
48K Bbl Cum
Missing some big wells
4-35237k16-27200k
DAVID LLOYD SAND PLAYThe Lloyd sand play is a complex play with the zone alternately dominated by coal or sand.Key is to use seismic to distinguish the zones or drill updip from wet sands. If Seismic is compelling enough, a possible Hrz play to increase IPs
~48K Bbls Cum DST: Oil and Water
Potential
Loc
Ignite Energy and Power SearchConsort
CONSORT
CONSORT
New Viking Oil Hrz Play in existing Viking Gas field
Based on high oil production in existing gas wells
3.5 Contiguous Sections
Ignite/ Power Search Lands
New wells drilled
Ignite/ Power Search Lands
Green Wells Viking Producers
Successful Hrz wells seemto be drilled near VerticalWells with High Oil cut
Oil Production
First Hrz
CONSORT
Ignite Energy and Power SearchHalkirk
HALKIRK
Ignite/ Power Search Lands
Closest Viking Hrz Producer
Camrose Producers
Edge Related to Leduc Reef Trend?
HALKIRK
Ignite Energy and Power SearchQueenstown
QUEENSTOWN
QUEENSTOWN HRZ GLAUC PLAY
• Ignite and Power Search own a quarter section with a proven Glauconite Channel in the Queenstown area. Recoveries in the two existing wells are poor, and offset oil production is also challenged.
• Upside would be to gain control of the offsetting acreage and drill several hrz wells.
~48.8K Bbls Cum
Proposed Hrz
QUEENSTOWN HRZ GLAUC PLAY
• The Channel appears to be a shaly sand with no bottom water, ideal for a Horizontal well.
Produced 468 Bbls Oil Cum
Ignite Energy and Power SearchPeco
PECO
PECO
• Ignite holds a licence and lease along the Duvernay shale fairway, Where Petrochine, through Encana paid approximately *$10,00/per acre.
PECO DUVERNAY
Ignite Energy and Power SearchUtikuma Lake
UTIKUMA LAKE
UTIKUMA LAKE
UTIKUMA LAKE
Ignite/ Power Search Lands
Well Produced 644,000 bbl
Well Produced 856,000 bblWell Produced 1.7 Million bbl
Well Produced 1.1 Million bbl
Offsets 2 wells that produced over a million bbl each in the Keg River.
Multiple zones including the Keg River, and Gilwood.
Seismic Available
Close Up
Ignite Energy and Power SearchLeduc
LEDUC
LEDUC
•Ignite has acquired lands adjacent to the historic Leduc field where conventional and horizontal drilling for the Nisku is underway.
•3 new long reach HrzNisku licences within close proximity of Ignite and Power Search lands.
New Hrz Nisku licenses
Ignite/ Power Search Lands